Timber Notes definition

Timber Notes shall have the meaning given it in Section 4.1.

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Timber Notes means the 6.55% Series B Class A-1, 7.11% Series B Class A-2 and 7.71% Series B Class A-3 Timber Collateralized Notes due 2028, issued by SPC pursuant to the Indenture dated as of July 20, 1998, as amended by the First Supplemental Indenture dated as July 16, 1999 and the Second Supplemental Indenture dated as of November 18, 1999, between SPC and State Street Bank and Trust Company, as trustee.

Timber Notes has the meaning specified in the definition of “Timberland Installment Note Transaction”.

Examples of Timber Notes in a sentence

• Holdings and Timber Co. acknowledge that Parent and Southern desire to obtain installment sale treatment for federal and state income Tax purposes on the sale of the Timberlands (to the extent of the Timber Notes) and obtain the credit enhancement of the Timber Notes provided for in the arrangements called for in the LC Commitment Letters.

• Timber LLC shall have obtained one or more standby letters of credit from the Credit Enhancement Banks and entered into the related agreements substantially consistent with the terms of the LC Commitment Letters and shall have tendered delivery of the Timber Notes and the standby letter(s) of credit to Parent and Southern.

• This Agreement shall become effective upon the date first noted above and shall continue in effect until all amounts payable under the Timber Notes (including any Additional Timber Notes), the Indenture and the Deed of Trust shall have been paid in full.

• If the Trustee is not the Registrar, the Issuer shall furnish to the Trustee, in writing at least seven Business Days before each Note Payment Date as set forth in the Timber Notes and at such other times as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of the Noteholders.

• The Issuer hereby irrevocably appoints the Trustee to be the agent of the Issuer and hereby irrevocably designates the Corporate Trust Office to be the office of the Issuer where notices and demands to or upon the Issuer in respect of the Timber Notes and this Indenture may be served.

More Definitions of Timber Notes

Timber Notes means the notes in the amount of $735 million issued by OMX Timber Finance Investments I, LLC pursuant to that certain Indenture, dated as of December 21, 2004, with ▇▇▇▇▇ Fargo Bank, N.A. as the indenture trustee.

Timber Notes means the Existing Timber Notes and any extension, refinancing, replacement or renewal thereof (or of other Timber Notes) that has a scheduled maturity date on or prior to the Outside Date.

Timber Notes shall have the meaning for such term set forth in the Indenture.

Timber Notes means the 7.95% Timber Collateralized Notes due 2015, issued by Scotia Pacific, as amended, supplemented or otherwise modified, in whole or in part, from time to time in accordance with the terms of the Timber Note Indenture.

Timber Notes means the 7.95% Timber Collateralized Notes due 2015, issued by SPHC, as amended, supplemented or otherwise modified, in whole or in part from time to time in accordance with the terms of the Indenture, dated as of March 23, 1993, between SPHC and The First National Bank of Boston, as trustee.

Timber Notes shall have the meaning set forth in the preamble hereto.

Timber Notes means the Borrower’s 6.55% Series B Class A-1 Timber Collateralized Notes due 2028, 7.11% Series B Class A-2 Timber Collateralized Notes due 2028 and 7.71% Series B Class A-3 Timber Collateralized Notes due 2028.